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Hitech Corporation Ltd. Stock Analysis

Small Cap
Evaluated by 443 users | BSE: 526217 | NSE: HITECHCORP |
Plastic Products
Hitech Plast (HPL) incorporated in 1991; is engaged in the manufacturing and marketing of innovative polymer products to various industries paints, personal care and cosmetic packaging, agro chemicals and lube, health and pharma products, confectionary and retail household products.HPL has two...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 15.75%14.1%10.81%8.76%9.69%10.18%6.9%4.79%6.1%6.14%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 204231256271465393367388462460
Y-o-Y Gr. Rt.-13.2%10.6%5.9%71.5%-15.6%-6.5%5.8%18.9%-0.4%
Adjusted EPS (Rs.) 8.988.345.332.884.558.125.362.23.62.74
Y-o-Y Gr. Rt.--7.1%-36.1%-46%58%78.5%-34%-59%63.6%-23.9%
Book Value per Share (Rs.) 52.3258.862.2664.0474.2478.9283.8887.3395.7396.26
Adjusted Net Profit 11.81173.86.913.99.23.86.24.7
Net Op. Cash Flow (Rs. Cr.) 12.226.736.617.538.641.237.342.785.656.3
Debt to Cash Flow from Ops 5.122.611.864.081.780.92.883.812.133.16
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Hitech Corporation Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 9.4%-0.2%7.8%-0.4%
Adjusted EPS -12.4%-9.7%-20%-23.9%
Book Value per Share 75.34.70.6
Share Price 0.3% -3.6% -22.3% -4.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 18.4315.028.84.565.988.915.932.573.932.85
Operating Profit Margin (%) 14.8714.1311.3910.748.7111.619.59.5711.0212.77
Net Profit Margin (%) 5.794.752.741.41.483.552.510.971.341.02
Debt to Equity 0.90.90.830.840.480.220.751.091.111.08
Working Capital Days 868371676610813014111194
Cash Conversion Cycle 50554240426472816755
Entity Percentage Holding
Promoters 74.43%
Institutions 0.02%
Non-Institutions 25.55%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Hitech Corporation Ltd.'s performance infers:

Hitech Corporation Ltd. earnings have declined by -9.7%, whereas share price has depreciated -3.6% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Hitech Corporation Ltd. share prices over the last 10 years. Here is what we found out:

Hitech Corporation Ltd. share price has depreciated -4% annually over the past ten years.

Hitech Plast (HPL) incorporated in 1991; is engaged in the manufacturing and marketing of innovative polymer products to various industries paints, personal care and cosmetic packaging, agro chemicals and lube, health and pharma products, confectionary and retail household products.

HPL has two subsidiaries, namely Clear Plastics and Mipak Polymers. The company has manufacturing units located at Guwahati(Assam), Dadra (Silvassa), Daman, Umergaon (Gujarat), Sitargunj (Uttarakhand), Baddi

Hitech Plast (HPL) incorporated in 1991; is engaged in the manufacturing and marketing of innovative polymer products to various industries paints, personal care and cosmetic packaging, agro chemicals and lube, health and pharma products, confectionary and retail household products.

HPL has two subsidiaries, namely Clear Plastics and Mipak Polymers. The company has manufacturing units located at Guwahati(Assam), Dadra (Silvassa), Daman, Umergaon (Gujarat), Sitargunj (Uttarakhand), Baddi (Himachal Pradesh), Sarigam (Gujarat), Naroli (Silvassa), Puducherry and Pune.

Currently the company can manufacture containers in the size of 1/5 litre to 20 litres.

The company has entered into a technical collaboration with CHT Design Services Pty, Australia to manufacture 20 litre containers known as DG Pail. The company has seen wide acceptance for this product by he lubricants, paints, chemicals, and food industries.

The company’s manufacturing units have received ISO 9001:2000, IS0 14001:2004, OHSAS 18001:1999, and ISO 22000:2005 certifications for its quality management.

The company caters to 6 sectors, viz. Paints, Consumer Goods, Pesticides, Lube, Health care and Industrial. The company has clientele namely Asian Paints, Nerolac, Castrol, Pear, Dove, Sandoz and many more.

Milestone

1991- The company was incorporated.

1992- Company entered a technical collaboration with Flamegrace, USA – Exclusive license to manufacture “BoCans”.

1996- The company signed license agreement with CHT design services Pty to for manufacturing L 20 containers, DG pail.

1999- The company started production of DG Pails with unique Plifer Proof Design.

2001- The Company acquired 51% in Multitech Plast Containers having its unit in Silvassa.

2003- The company acquired stakes in Clear Plastics group of companies.

2004- HPL started setting up a new manufacturing unit at Puducherry and Baddi, Himachal Pradesh, through CPL.

2005- The company established a new manufacturing unit at Sri Perumbudur in Tamil Nadu.

2006- HPL acquired shares in Mipak polymers.

2007-Company started setting up of new manufacturing unit at Sitargunj, Uttarakhand.

2010 -  Establishment of new manufacturing unit at Rohtak, Haryana
           Established technology centre for design & development of moulds at Pune.
2013 - Consolidated Daman unit with Dadra and Masat with Galonda
Started commercial production in new manufacturing unit at Khandala.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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